head n shoulders?

possible hns pattern minm tgt implication:



pls have a look at vol too as marked.

post election result breakout gap to be tested if this confirms.


sensex chart:


head to head, shoulder to shoulder, neck to neck!!!!!

amazing:)

mkt ahead...

just before the budget day nifty rising above 20 sma showing intent to move up further on positive expectations. it had already broken out upwrads from the short term term resis lines as shown in earlier posts and maintaining our tsl all along for longs. nifty is also respecting the second drawn(shifted) lower support tline. it needs to close above recent high of 4440 to move atleast upto first tgt of 4550 sl 4249.

macro charts...

(sensex eod yahoo fin data from lee)


(yahoo fin eod data)